This is not the first time we are hearing news such as this, in as much as gamblers are hitting jackpots so some will have huge losses, this is a normal characteristic of gambling and sometimes the amount doesn't matter.
Btw if the player has some disorder then that will ve another case entirely.
Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 50. (Read 8226 times)
January 27, 2023, 02:35:50 PM
January 27, 2023, 02:28:06 PM
It should be obvious that such a bet was made by a gambler with problems, because even if the probabilities of losing such bet were very low they were not zero, and taking such a risk with such a huge amount of money for such little gain makes no sense at all, I just hope the person who did this is doing fine as losing 1.4 millions in less than an hour and in that way should be incredibly hard, and it would not surprise me if such a person was undergoing some sort of depression.
I think he could get depressed after that big loss.Obviously, this poses a huge risk for a gambler, even for people who have a lot of money, because after they lose, it will not be easy to recover from their losses again.
But maybe he's betting above the average of anyone who's played at the casino, especially since he's had it in less than an hour.
If I were that person, with that kind of money, I wouldn't spend it in one day but would use it for days, maybe up to several months
January 27, 2023, 02:25:28 PM
Could you believe that just as we are on the course of discussion on this thread i still experience a friend of mine falling a victim of related mistake, he uses the money in his disposal but belonging to someone else to gamble a too sure game and loose everything of about 600 USD, though the amount may not be as much as the one OP lost but regardless of the means we should not use other's people money to gamble, he eventually got deceived by the odds offered and place the bet to loose everything at a glance.
The biggest mistake of your friend was to have gambled with funds which didn't belong to him. Now, besides understanding there isn't such safe bets, he will also have to learn we can't use money from others to gamble. I hope he is able to recover that sum of 600$ faster as possible to return it to the original owner.I guess it's not that hard to retrieve that amount working for few months, at least.
This story also reminded me a fact which was shared by local news where a college student gambled more than 200.000$ which belonged to the class graduation funds. The girl just gambled everything on the lottery and lost huge money.
January 27, 2023, 01:35:31 PM
Could you believe that just as we are on the course of discussion on this thread i still experience a friend of mine falling a victim of related mistake, he uses the money in his disposal but belonging to someone else to gamble a too sure game and loose everything of about 600 USD, though the amount may not be as much as the one OP lost but regardless of the means we should not use other's people money to gamble, he eventually got deceived by the odds offered and place the bet to loose everything at a glance.
legendary
Activity: 2422
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Leading Crypto Sports Betting & Casino Platform
January 27, 2023, 01:18:07 PM
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
So I believe this money actually belonged to who ever wagered it, but what we do not know now is whether this is just a fraction of what he or she has, or the gamblers wagered all he or she in anticipation of making that profit, which if yes, then it's a really a bad deal for the gambler.
January 27, 2023, 01:06:50 PM
If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.
I think gamblers who bet very large amounts of money are their personal money and this is done to be able to get even bigger profits.He must have known what kind of risk he would receive because he was betting a large amount so it would be impossible for him to bet carelessly without any prior consideration.
Maybe for us, it is a very large amount of money and it would be a shame to bet all of it but for him who is risking it is not a large amount because surely he is a person who has more and more wealth.
-The quest to recover from previous losses.
-over excitement from previous big winning
And the rest of what have you, but ultimately 1.4 million is a big amount to wager in just a bet.
January 27, 2023, 12:02:08 PM
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
January 27, 2023, 11:29:04 AM
If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.
I think gamblers who bet very large amounts of money are their personal money and this is done to be able to get even bigger profits.He must have known what kind of risk he would receive because he was betting a large amount so it would be impossible for him to bet carelessly without any prior consideration.
Maybe for us it is a very large amount of money and it would be a shame to bet all of it but for him who is risking it it is not a large amount because surely he is a person who has more and more wealth.
January 27, 2023, 03:42:21 AM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.
I don't know, but if I will guess, yeah, I believed this is the gamblers own money. I mean if I'm a gambler and trusted by that kind of huge money, I might not put that in line because I will know the consequences of my action specially if I don't have the money to cover it, so what will I do? hide for the rest of my life?
Anyhow, for sure by now he is over with it and probably still gambling with the same casino or new one and could be betting that huge. Not to recover his losses, but most probably trying to enjoy and have fun with sports betting because he got more money to burn.
January 26, 2023, 10:48:38 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.
I don't know, but if I will guess, yeah, I believed this is the gamblers own money. I mean if I'm a gambler and trusted by that kind of huge money, I might not put that in line because I will know the consequences of my action specially if I don't have the money to cover it, so what will I do? hide for the rest of my life?
Anyhow, for sure by now he is over with it and probably still gambling with the same casino or new one and could be betting that huge. Not to recover his losses, but most probably trying to enjoy and have fun with sports betting because he got more money to burn.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
January 26, 2023, 10:16:16 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.
January 26, 2023, 09:30:50 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
January 26, 2023, 07:38:32 PM
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)
I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!
what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?
Lesson well learned I guess. He probably thought he can make some quick money placing bets with extreme high winning chance, but the house edge got him. I don't think this is going to affect him much. Someone who can wager $1.4 million in one single bet probably has more millions of dollars lying around. Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.
It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)
I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!
what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?
Anyway, people should be aware of the risks. I have seen people chasing losses, but going all in with low odds but ends up losing everything. Gambling is risky, and in the long run, it is always the casino that wins.
January 26, 2023, 06:47:39 PM
Am I the only one who thinks it's disgraceful the sportsbook released that information?
It is disrespectful to the gambler.
If that was me I would close my account and never gamble with that company again.
Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.
It is disrespectful to the gambler.
If that was me I would close my account and never gamble with that company again.
Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.
sportsbook has confirmed this information.
initially has been released shared by this tweet https://twitter.com/darrenrovell/status/1614603901021437954
For a certain point of view, this is a way for promoting their activities, a lot of people talked about them and know we know that they are able to accept such huge bets...
January 26, 2023, 06:04:14 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
If that person was really is managing someone else funds and wanted to earn a quick buck then he f*cked up on losing on this one. This could potentially cause him some jail time unless he will be able to cover the loss on that bet. Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
I could also imagine these kinds of things happening on those investment schemes where people would be paid off in a certain amount of time by investing and those people will they've invested on will trade their funds or gamble with it.
January 26, 2023, 05:55:43 PM
Am I the only one who thinks it's disgraceful the sportsbook released that information?
It is disrespectful to the gambler.
If that was me I would close my account and never gamble with that company again.
Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.
It is disrespectful to the gambler.
If that was me I would close my account and never gamble with that company again.
Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.
sportsbook has confirmed this information.
initially has been released shared by this tweet https://twitter.com/darrenrovell/status/1614603901021437954
For a certain point of view, this is a way for promoting their activities, a lot of people talked about them and know we know that they are able to accept such huge bets...
January 26, 2023, 05:52:18 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Managing other peoples money and able to accumulate that big or pouring it all on a single bet? Pretty sure that he would be facing up much more bigger problem if thats the case on where those bettors Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
or the ones who do let their funds been handled or do make out some guarantees will really be in rage on what happened and that would really be imposing some risk into his own life if ever,
but in most cases it is really just that nearly impossible that he would be able to accumulate that big unless if he do have some rich clients but this isnt always the case.
This is really a lesson learned thing for him.
January 26, 2023, 05:41:15 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
January 26, 2023, 05:36:44 PM
..
Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news articleMost of casinos' ToS state that they reserve the right to publish your bets details in case of a big win and promise not to reveal your identity.
January 26, 2023, 04:58:06 PM
In my own opinion I just see it as a risk, but the question is , was the risk worth it?? Using 1.4million dolls to bet 1.01 odd to me its insane because the money you are expecting to win is not worth the risk, but everyone is entitled to their own opinion and risk .
For me, it's just too risky. I mean, spending 1.4 million dollars to bet on a 1.01 odds? That's crazy. The potential winnings aren't worth it, in my opinion. But hey, everyone's got their own risk tolerance and opinions. I guess it just depends on how much you're willing to risk for a chance at a big payout. But it's important to consider all possible outcomes, not just the potential reward. And you better have a plan if things don't go your way.But, I think them as a bettor already knows this possibility so we must not be alarmed to what had happened. That was his playstyle but my playstyle would be to have a small capital and gamble with higher payouts. I always feel that it's less riskier plus there is no hard feelings when I lose this way.
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